Amazon becomes the world’s second most valuable company

The e-commerce giant overtakes Google as the world’s second most valuable company. Amazon has had its stock skyrocket for the past couple of years with things like the popularity of its shopping services, Alexa-powered devices, and even its offline efforts like the Go store and the acquisition of Whole Foods. Basically, as Android Authority points out, it’s due to the company being a market leader in several businesses. Amazon has overtaken Google’s parent company Alphabet with the former now valued at US$768 billion and the latter at $716 billion. Apple remains the world’s most valuable company with a market cap of $889 billion.